As part of his new tax plan, the president has proposed ending the “step-up” in tax basis for inherited assets, and, furthermore, requiring the capital gains tax to be paid at death rather than when an heir later sells...
- State Business Tax Climate Index--Individual Income Tax I...
State Business Tax Climate Index--Individual Income Tax Index, 2011-2012
January 25, 2012
Key Findings Pass-through business income is taxed on the business owners’ tax returns through the individual income tax code. Pass-through business income faces marginal tax rates that exceed 50 percent in some U.S. states....
Key Findings The U.S. loses about 60,000 corporations per year and has lost about 1 million corporations since the Tax Reform Act of 1986. Over time, more businesses have structured themselves as "pass-through" entities. This allows...
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